Berkshire Hathaway (BRK-A) Posts Stronger Q2 Operating Profit
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Berkshire Hathaway (NYSE: BRK-A) reported Q2 EPS of $2,634.00, versus $2,384.00 reported last year.
More from the company's press release below:
Earnings of Berkshire Hathaway Inc. and its consolidated subsidiaries for the second quarter and first six months of 2014 and 2013 are summarized below. Earnings are stated on an after-tax basis. (Dollar amounts are in millions, except for per share amounts).
Second Quarter | First Six Months | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
| Operating earnings | $ | 4,331 | $ | 3,919 | $ | 7,864 | $ | 7,701 | ||||||||
| Investment and derivative gains/losses – | ||||||||||||||||
| Investments | 1,963 | 322 | 2,982 | 648 | ||||||||||||
| Derivatives | 101 | 300 | 254 | 1,084 | ||||||||||||
| 2,064 | 622 | 3,236 | 1,732 | |||||||||||||
| Net earnings attributable to Berkshire shareholders | $ | 6,395 | $ | 4,541 | $ | 11,100 | $ | 9,433 | ||||||||
| Operating earnings per Class A equivalent share | $ | 2,634 | $ | 2,384 | $ | 4,783 | $ | 4,686 | ||||||||
| Investment and derivative gains/losses per Class A equivalent share | 1,255 | 379 | 1,968 | 1,054 | ||||||||||||
| Net earnings per Class A equivalent share attributable to Berkshire shareholders | $ | 3,889 | $ | 2,763 | $ | 6,751 | $ | 5,740 | ||||||||
| Average Class A equivalent shares outstanding | 1,644,370 | 1,643,599 | 1,644,215 | 1,643,391 | ||||||||||||
Note: Per share amounts for the Class B shares are 1/1,500th those shown for the Class A. | ||||||||||||||||
An analysis of Berkshire’s operating earnings follows (dollar amounts are in millions). | ||||||||||||||||
Second Quarter | First Six Months | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
| Insurance-underwriting | $ | 411 | $ | 530 | $ | 872 | $ | 1,431 | ||||||||
| Insurance-investment income | 1,131 | 1,144 | 1,851 | 1,943 | ||||||||||||
| Non-insurance businesses | 2,835 | 2,372 | 5,182 | 4,617 | ||||||||||||
| Other | (46 | ) | (127 | ) | (41 | ) | (290 | ) | ||||||||
| Operating earnings | $ | 4,331 | $ | 3,919 | $ | 7,864 | $ | 7,701 | ||||||||
In the table at the top of the page (which, as noted, reports after-tax results), we give investment and derivative gains (losses) lines of their own because the amounts of these in any given quarter or year is often meaningless.
For earnings history and earnings-related data on Berkshire Hathaway (BRK-A) click here.
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